[Federal Register Volume 62, Number 176 (Thursday, September 11, 1997)]
[Notices]
[Page 47839]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24138]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

    Upon written request, copies available are from: Securities and 
Exchange Commission, Office of Filings and, Information Services, 
Washington, D.C. 20549.

Revision

(Form 13F--SEC File No. 270-22--OMB Control No. 3235-0006

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (the ``Commission'') has submitted for OMB approval a 
revision to Form 13F [17 CFR 249.325] under the Securities Exchange Act 
of 1934.
    Form 13F is used by certain large investment managers to report 
quarterly with respect to certain securities over which they exercise 
investment discretion. Each report takes about 24.7 hours to fill out.
    It is estimated that approximately 1, 804 institutional investment 
managers are subject to the rule. Each reporting managers files Form 
13F quarterly. It is also estimated that, each quarter, following the 
expiration of grants of confidential treatment, 50 managers will re-
submit electronically information previously submitted in paper. It is 
estimated that compliance with the form's requirements imposes a total 
annual average burden per manager of approximately 98.8 hours for 
submitting the report, and an additional annual burden of 4 hours (one 
additional burden hour per manager per quarter) for the 50 managers re-
submitting information previously filed. The total annual burden for 
all managers is estimated at 178,435.2 hours. The estimate of average 
burden hours is made solely for the purposes of the Paperwork Reduction 
Act and is based on the Commission's experience with similar filings 
and discussions with a few registrants.
    Direct general comments to the OMB Desk Officer for the Commission 
at the address below. Any comments concerning the accuracy of the 
estimated average burden hours for compliance with Commission rules and 
forms should be directed to Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, and the 
Desk Officer, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 3208, New Executive Office Building, 
Washington, D.C. 20503.

    Dated: September 4, 1997.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-24138 Filed 9-10-97; 8:45 am]
BILLING CODE 8010-01-M